Feb 9, 2010

Good Luck Making Sense of That

Looking for a little something for your kids to read in class? You could start right here with this interesting and timely article on economic theory. There is a little something in there for everyone.

Many many many economists simply got their economic forecasting wrong. Why? Read the article to find out more about this question and others.

If I was in your shoes I would assign this to my students and then require them to critique what author Rana Foroohar has to say. Or maybe I would have them pick a side.... Are the "liberal" economists right? Are the "conservative" economists right? Explain. Kids just love the "explain" part.